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Real Estate Market Watch
Month Ending April 2016
View Market Statistics For Sussex County, Delaware
Welcome to the monthly issue of Real Estate Market Watch. As a prospective buyer
or seller, you’ll find it to be an extremely useful tool. The statistical analysis contained
in this publication will give you valuable market information and trends for real estate
in Sussex County, Delaware.
For Buyers, Real Estate Market Watch will be a valuable tool for making an offer on
a property. Having up-to-date information on selling prices of comparable homes will
allow you to make the smartest offer.
For Sellers, Real Estate Market Watch will afford you the knowledge to determine
the listing price for your property, allowing you to obtain the best possible sale price
in the shortest amount of time.
Current Market Conditions For Sussex County, DE
(as of 4/30/2016)
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Total Single Family Homes on the Market as of 4/30/2016 ........... 2,459
3% from last month
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Total Single Family Homes Sold Current Year ................................. 784
Total Single Family Homes Sold Previous Year ............................... 832
% Change in Homes Sold ............................................................... 6%
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Average Price of Homes Sold Current Year............................. $350,703
Average Price of Homes Sold Previous Year ........................... $377,274
% Change in Average Price ............................................................ 7%
Median Price of Homes Sold Current Year .............................. $270,000
Median Price of Homes Sold Previous Year ............................ $277,750
% Change in Median Price ............................................................. 3%
For more detailed statistics on specific areas of Sussex County,
Delaware, look inside!
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Lewes Office
Rehoboth Office
Bethany Office
16712 Kings Highway
Lewes, DE 19958
37230 Rehoboth Ave. Ext.
Rehoboth Beach, DE 19971
33292 Coastal Highway #1
Bethany Beach, DE 19930
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(302) 645-6661
(302) 227-6101
(302) 537-2616
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Lewes & Rehoboth Hundred (Jan-Apr 2016) Lewes/Rehoboth/Dewey
Total Units Sold
2016 ................................. 154
2015 ................................. 204
-25%
Total Units Sold By Price Range in 2016
Average Sales Price
2016 ........................$570,215
2015 ........................$608,060
-6%
Median Sales Price
2016 ........................$464,000
2015 ........................$484,806
-4%
12-month Analysis: New Vs. Pending Listings
Lewes & Rehoboth Hundred
Under $100,000 ........................................1
$100,000-$200,000 ..................................6
$200,000-$300,000 ............................... 17
$300,000-$400,000 ............................... 37
$400,000-$500,000 ............................... 26
$500,000-$600,000 ............................... 22
$600,000-$700,000 ..................................6
$700,000-$800,000 ............................... 10
$800,000-$900,000 ............................... 11
$900,000-$1,000,000 ...............................5
Over $1,000,000 .................................... 13
Current Active Inventory
Units Active .. 449
Low ............................ $47,500
High............. $5,995,000
Average List Price................ $847,072
Median List Price ..................$540,000
Baltimore Hundred (Jan-Apr 2016)
Total Units Sold
2016 ................................. 174
2015 ................................. 189
-8%
Average Sales Price
2016 ........................$489,455
2015 ........................$511,329
-4%
Bethany/Fenwick Area
Total Units Sold By Price Range in 2016
Median Sales Price
2016 ........................$362,500
2015 ........................$361,000
12-month Analysis: New Vs. Pending Listings
Baltimore Hundred
Under $100,000 ........................................5
$100,000-$200,000 ............................... 15
$200,000-$300,000 ............................... 34
$300,000-$400,000 ............................... 46
$400,000-$500,000 ............................... 16
$500,000-$600,000 ............................... 12
$600,000-$700,000 ..................................8
$700,000-$800,000 ............................... 15
$800,000-$900,000 ..................................6
$900,000-$1,000,000 ...............................6
Over $1,000,000 .................................... 11
Current Active Inventory
Units Active .. 677
Low ............................ $69,900
High............. $5,995,000
Average List Price................ $629,622
Median List Price ..................$424,900
Indian River Hundred (Jan-Apr 2016)
Total Units Sold
2016 ................................. 105
2015 ................................... 95
+10%
Average Sales Price
2016 ........................$281,173
2015 ........................$293,762
-4%
Median Sales Price
2016 ........................$251,634
2015 ....................... $249,900
+1%
Angola/Long Neck/Millsboro
Total Units Sold By Price Range in 2016
12-month Analysis: New Vs. Pending Listings
Indian River Hundred
Under $100,000 ........................................6
$100,000-$200,000 ............................... 30
$200,000-$300,000 ............................... 35
$300,000-$400,000 ............................... 18
$400,000-$500,000 ..................................7
$500,000-$600,000 ..................................2
$600,000-$700,000 ..................................3
$700,000-$800,000 ..................................2
$800,000-$900,000 ..................................1
$900,000-$1,000,000 ...............................0
Over $1,000,000 .......................................1
Current Active Inventory
Units Active .. 374
Low ............................ $29,000
High............. $2,675,000
Average List Price................ $363,261
Median List Price ..................$299,900
Broadkill Hundred (Jan-Apr 2016)
Total Units Sold
2016 ................................. 62
2015 ................................... 61
-1%
Average Sales Price
2016 ........................$296,962
2015 ........................$285,471
+4%
Median Sales Price
2016 ........................$297,205
2015 ........................$280,000
+6%
Milton/Harbeson/Broadkill Beach
Total Units Sold By Price Range in 2016
Under $100,000 ........................................2
$100,000-$200,000 ..................................7
$200,000-$300,000 ............................... 24
$300,000-$400,000 ............................... 21
$400,000-$500,000 ..................................7
$500,000-$600,000 ..................................0
$600,000-$700,000 ..................................0
$700,000-$800,000 ..................................0
$800,000-$900,000 ..................................1
$900,000-$1,000,000 ...............................0
Over $1,000,000 .......................................0
Current Active Inventory
Units Active .. 175
Low ............................ $75,000
High.................$940,000
Average List Price................ $330,982
Median List Price ..................$299,000
12-month Analysis: New Vs. Pending Listings
Broadkill Hundred
Georgetown Hundred (Jan-Apr 2016)
Total Units Sold
2016 ................................... 21
2015 ................................... 21
Georgetown Area
Total Units Sold By Price Range in 2015
Average Sales Price
2016 ....................... $198,634
2015 ....................... $177,918
+12%
Median Sales Price
2016 ....................... $213,500
2015 ....................... $185,000
+15%
12-month Analysis: New Vs. Pending Listings
Georgetown Hundred
Under $100,000 ........................................ 2
$100,000-$200,000 .................................. 7
$200,000-$300,000 ................................ 11
$300,000-$400,000 .................................. 1
$400,000-$500,000 .................................. 0
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Current Active Inventory
Units Active...... 59
Low ............................ $35,000
High ................ $524,900
Average List Price ................ $243,299
Median List Price ................. $234,900
Cedar Creek Hundred (Jan-Apr 2016) Milford/Lincoln/Slaughter Beach
Total Units Sold
2016 ................................... 60
2015 ................................... 58
Total Units Sold By Price Range in 2015
+3%
Average Sales Price
2016 ....................... $185,572
2015 ....................... $185,832
Median Sales Price
2016 ....................... $183,000
2015 ....................... $177,500
+3%
12-month Analysis: New Vs. Pending Listings
Cedar Creek Hundred
Under $100,000 ........................................ 7
$100,000-$200,000 ................................ 31
$200,000-$300,000 ................................ 18
$300,000-$400,000 .................................. 2
$400,000-$500,000 .................................. 1
$500,000-$600,000 .................................. 1
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Current Active Inventory
Units Active... 158
Low ............................ $39,900
High ............. $1,390,000
Average List Price ................ $303,041
Median List Price ................. $253,662
Dagsboro Hundred (Jan-Apr 2016)
Total Units Sold
2016 ................................... 35
2015 ................................... 53
-34%
Average Sales Price
2016 ....................... $253,576
2015 ....................... $199,108
+27%
Median Sales Price
2016 ....................... $237,500
2015 ....................... $178,000
+33%
Dagsboro/Millsboro
Total Units Sold By Price Range in 2015
12-month Analysis: New Vs. Pending Listings
Dagsboro Hundred
Under $100,000 ........................................ 1
$100,000-$200,000 .................................. 8
$200,000-$300,000 ................................ 19
$300,000-$400,000 .................................. 5
$400,000-$500,000 .................................. 1
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 1
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Current Active Inventory
Units Active... 172
Low ............................ $69,900
High ............. $1,495,000
Average List Price ................ $302,097
Median List Price ................. $269,672
Western Sussex County (Jan-Apr 2016)
Total Units Sold
2016 .................................173
2015 .................................151
+15%
Average Sales Price
2016 ....................... $172,585
2015 ....................... $151,112
+14%
Median Sales Price
2016 ....................... $164,900
2015 ....................... $153,500
+7%
West of Route 113
Total Units Sold By Price Range in 2015
Under $100,000 ...................................... 41
$100,000-$200,000 ................................ 81
$200,000-$300,000 ................................ 33
$300,000-$400,000 ................................ 15
$400,000-$500,000 .................................. 1
$500,000-$600,000 .................................. 1
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 1
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Current Active Inventory
Units Active... 395
Low ............................ $24,950
High ................ $939,000
Average List Price ................ $222,424
Median List Price ................. $199,900
12-month Analysis: New Vs. Pending Listings
Western Sussex County
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